Turkey, Turkmenistan agree to trade in national currencies

Turkey and Turkmenistan have agreed to use their national currencies in their bilateral commercial deals, Turkey’s economy minister said Monday.

Speaking in a meeting of the Turkish-Turkmen Inter-governments Joint Economic Committee, Zafer Caglayan said the use of national currencies would begin once central banks of the two countries made necessary arrangements.

Caglayan said Turkey was pleased with Turkmen government’s attitude towards Turkish construction companies which he said had won 90 per cent of government tenders in construction projects.

Caglayan said Turkish contractors had carried out construction projects worth of 3.2bn dollars in Turkmenistan, adding that Turkey was also willing to help Turkmenistan transport its vast natural resources to Europe.